141 replies to this topic

[12SPX]

Actually I'm going to put my stop 6100 and let this play out see what happens

[dTraderB]

FLAT TO SMALL SHORT @ ES 6083.
Will daytrade VST & reshort above ES 6100.
WHILE I ALMOST NET FLAT MWHAT I MUST DO IS CÑLOS

[dTraderB]

... had to quickly abandon that post to do aEURUSD & ES TRADES.

While I am almost net flat I have many LONG & SHORT POSITIONS that must be closed. Too difficult to monitor, only BROKER benefits but sometimes the actual trading is far more impirtant.

FLAT TO SMALL SHORT @ ES 6083.
Will daytrade VST & reshort above ES 6100.
WHILE I ALMOST NET FLAT MWHAT I MUST DO IS CÑLOS

[redfoliage2]

 

 

 

 

 

Posted 24 January 2025 - 02:52 PM

redfoliage2, on 24 Jan 2025 - 2:20 PM, said:

Well, it looks the Street is in selling mode at this juncture,  Likely their EOM selling starting one day earlier.   I'm out  ..................

This looks the pension funds EOM rebalancing selling has started today as the market has run up for six consecutive days to a price too good to be missed for their rebalancing program.  I see more selling next Monday ..................

 

Edited by redfoliage2, 24 January 2025 - 02:59 PM.

 

 

So it's going as I posted on Friday.  At this point it's still the early stage of the EOM selling and the intra-day bounces are likely to be sold before the month ends ......................... 

 

So far the market even unable to make a good bounce as traders know the pension funds are waiting there to sell into a good bounce .....................

 

Before the end of the month I see bounces are unlikely going to stay ..........................

 

But let's see if today's bounce will hold into tomorrow as shorts are covering before the Fed decisions and big techs earnings reports .......................

 

Timewise and pricewise this is likely setting up for the EOM selling .......................

 

I bet pension funds are doing it now ...................

[12SPX]

profit stop 6070...

[12SPX]

Have to go but will sell above....

[dTraderB]

Closed long 1 each es, nq, ym @ 6117.5, 21779, 45117

Net short 1 each

[redfoliage2]

PCE data out with MOM core PCE 0.2% up from previous 0.1% and YOY core PCE stayed at 2.8%.  Not as good as the rumor said yesterday...........................

Edited by redfoliage2, 31 January 2025 - 08:55 AM.

[12SPX]

LAst day of the month no surprise here being up.  My profit stop was hit yesterday for a 35 point profit and I see my rogue trade was filled right at the high of 6130 overnight lol!!  When I went to bed for the longest time I was trying to get 6120 but it wouldn't hit so went even higher while I was sleeping and whalla lol!! Profit stop 6129 for the cash open sell higher.  It must be the last day of the month as the inflation data should have taken the market but nothing right now will hurt this fake market lol!!  The good news is I still believe volatility will remain so we'll see where we end up...

[12SPX]

Think I'm getting tired of day trading though as I find myself getting up later and later every day because I just don't seem to care and that's not a good place to be.  Maybe a time to take a break and just watch premium decay.  Even the dailys are paying out great premiums now lol!!